Midland National introduces a flexible new annuity product providing an enhanced death benefit

By mnlannuities

Midland National® Life Insurance Company

WEST DES MOINES, IA – June 19, 2013 – Midland National Life Insurance Company has introduced a flexible annuity
solution featuring an enhanced death benefit. The MNL SecureVantageSM
is the first fixed index annuity from Midland National that offers a built-in enhanced
death benefit equipped with a stacking roll-up feature to help grow the death
benefit value for heirs. Along with the growth potential for stock-market
linked index accounts, this new fixed index annuity has a built-in Guaranteed
Minimum Death Benefit (GMDB) which provides multiple growth opportunities
through a combination of bonuses and a GMDB Stacking Roll-Up Credit, plus
Interest Credits. This combination is designed to grow the GMDB Amount over the
years to maximize the death benefit available to beneficiaries. The annuity product
also provides clients the opportunity to add an optional lifetime income rider
for a cost with stacking roll-up potential as well, which gives clients more flexibility.

“Clients are looking for
flexibility and a way to provide a valuable death benefit for their families. Our
focus was to create an annuity product with a built-in, enhanced death benefit
at no additional charge, that offers the upside potential of stacking roll-up
credits, ultimately increasing the payout to heirs,” stated Kevin Paulson, Vice
President and Chief Distribution Officer. “This new annuity enhances our line
of Midland National Vantage products, with our previous two successful annuity products
that focused on accumulation with the MNL RetireVantageSM, and
income with the MNL IncomeVantageSM. Now we offer even more
flexibility with an enhanced death benefit, a lifetime income option, the
upside growth potential from stacking, and increased withdrawal liquidity.”

The new annuity expands Midland
National’s annuity product offerings and strengthens the value and solutions
for those clients looking for accumulation, income, and a death benefit for
heirs.

About Midland National

Midland National Life®
Insurance Company is a leading provider of Fixed Index Annuities in the U.S. and is an affiliated company of
Sammons Financial Group, Inc. (SFG) the parent of a group of companies
affiliated under the insurance Holding Company Act, made up of several successful
financial services companies offering a variety of financial and retirement
products through multiple distribution channels. With production, product
development, management and operations based in West Des Moines, Iowa, Sammons
Annuity Group, a division of Midland National, manufactures and distributes
annuity and life insurance products through over 17,000 independent agents in
49 states and the District of Columbia. For more information, contact Judy
Thorpe at 515-327-5816 or jthorpe@sfgmembers.com, 4350 Westown Parkway, West
Des Moines, IA 50266.

These products are issued by Midland National Life Insurance Company,
West Des Moines, IA. Product features and riders may not be available in all
states. The MNL SecureVantageSM is issued on form AC/AS140A
(certificate/contract), AR267A (if MNL SecureVantage Plus Rider is elected), AR153A,
AR156A, AR163A-1, AR192A, AR194A, AR227A and AR245A (riders/endorsements) or
appropriate state variation. The MNL IncomeVantageSM is issued on
form AC/AS139A (certificate/contract), AR153A, AR156A, AR163A-1, AR192A,
AR194A, AR227A, and AR245A (riders/endorsements) or appropriate state
variation. The MNL RetireVantageSM is issued on form AC/AS124A
(certificate/contract), AR153A, AR156A, AR159A, AR163A-1, AR192A, AR194A,
AR201A, AR227A, AR244A, AR245A, AR246A, AR247A, and AR248A
(riders/endorsements) or appropriate state variation.

This is a brief summary of product features. Please contact
the company for more information and complete product details and limitations.